Digital transformation has been a key enabler for accelerated business growth in India Inc. However, it has also augmented risks related to data protection, data privacy and cybercrime. EY’s Global Forensic Data Analytics Survey 2018 titled ‘How can you disrupt risk in an era of digital transformation?’ has underlined that organizations should harness the power of Forensic Data Analytics (FDA) by embedding it in compliance programs, mitigating rising threats and maintaining the sanctity of data.

Around the world, countries are enacting data protection and privacy regulations that present many challenges for companies. FDA can be a valuable part of achieving compliance with these regulations, as one tool in an organization’s information governance program.

Key survey highlights include:

Organizations should aim to realize the full potential of FDA and transform their risk functions by:

Leveraging the right skillsets, data and technologies

Building stronger governance and effective collaboration across departments